Fixed index annuity review and rates
Power Index Preferred Plus Income with Lifetime Income Plus Multiplier Flex
Power Index Preferred Plus Income annuity focusing on retirement income with choice of guaranteed living benefit riders.
Available in states:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
2.75%
Fixed
|
| 1-Year ML Strategic Balance PTP Participation Rate |
Point to Point
Annual
|
70%
Participation
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
6.25%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
6.25%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6.25%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
28%
Participation
|
| 1-Year Fixed Account |
Fixed
|
3%
Fixed
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
7%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
30%
Participation
|
| 1-Year ML Strategic Balance PTP Participation Rate |
Point to Point
Annual
|
90%
Participation
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
7%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 8% | 7% | 6% | 5% | 4% | 3% | 2% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Lifetime Income Plus Multiplier Flex | Yes | 1.00% annually |
American General Life Insurance Company
Founded:
1919
A.M. Best:
A
Fitch:
A+
S&P:
A
Moody's:
A2
Brochure
Free withdrawal
1st year: 0%
2nd+ year: 10%
2nd+ year: 10%
Surrender schedule
7 years
Return of premium
Market value adjustment
Minimum contribution
$25,000
Types of funds
Non-Qualified, 401k, IRA, TSA 403b, SEP IRA, IRA-Roth, and TSP